7 Reasons Why Women Make Great Entrepreneurs

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Only one in four companies in the US are run by women. Does this mean that women aren’t cut out for the suits, ties and big decisions? This subject has been debatable for a long time so we are are here to clear the scene with 7 cold hard facts as to why women make great entrepreneurs.

We can see this comment section turning into battle of the sexes as we type this, haha. Enjoy this post and dont forget to chip in your 2 cents worth.

Do Women Make Great Entrepreneurs? Read On:

1. Women possess strong communication skills and social intelligence. The digital economy requires these skills, and women enjoy a slight edge over their male counterparts (according to numerous studies). A stronger network means they will be better resourced throughout the life of the venture. By leveraging their connections, they will have to reinvent the wheel less and learn fewer lessons the hard way.

2. Female-owned companies tend to offer family & friendly benefits. These include such perks as job sharing, parental leave and telecommuting. They argue that their more worker-friendly policies boost morale and lead to less turnover, less absenteeism and higher productivity.

3. Women also make good listeners. One study found that the collective intelligence of a group rose if the group included more women. They have open minds. They’re not autocratic.”

4. Women start companies to better balance their work and family lives. Wealth is not their primary focus, so most remain smaller. But there are exceptions, like Martha Stewart (Omnimedia), Ruth Furtel (Ruth’s Chris Steakhouse), and Lillian Vernon, which make big money.

5. Women collaborate. Women have worked well together since the earliest female enterprises, whether dividing grains in the village or working in quilting bees. Even some of today’s cultural stereotypes have legs, for instance, women’s joint trips to the restroom!

6. Female owners are more likely to have positive revenues. They prefer lower risk opportunities, and are willing to settle for lower returns. Some women feel that pushing profits is “not polite.” More women entrepreneurs are single person businesses, while men tend to have more employees. Researchers have begun focusing on the relationship between testosterone and excessive risk, thus evaluating whether groups of men spur each other toward reckless decisions.

7. Females aren’t afraid to ask for help. Many men (not all) have difficulty asking for help when it comes to something like their very own business. Pride can sometimes get in the way. But most women don’t have a problem admitting that they’re not sure how to accomplish a certain task or what needs to be done next in the building-a-business game. This can sometimes provide an advantage in a well-spring of knowledge from sources that help ground their business more quickly.

If you haven’t already, make sure you checkout “The 7 Reasons Why Men Make Great Entrepreneurs“

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28 Comments

1. 

   momo

   November 20, 2011 at 2:17 am

   i disagree are you kidding me,im waiting to see a multibillionaire(selfmade)of course woman,who founded her own company and has more than 10 billions eheheh im not sexist by the way,just than the numbers dont lie

   Reply
   • 

     Yolanda

     November 30, 2011 at 1:23 pm

     Did you read the article?

     - “Wealth is not their primary focus, so most remain smaller”
     -”They prefer lower risk opportunities, and are willing to settle for lower returns”

     It is not possible to run a huge multi-national and spend lots of quality time with your loved ones. The point is women actively choose more of a work/life balance (in general). The bigger the company, the less possible that is. The most successful people have to make sacrifices in order to achieve that success, whether in terms of relationships, personal time etc.

     Reply
   • 

     jerry

     December 8, 2011 at 3:53 am

     Yolanda has never heard of Oprah. duh

     Reply
     • 

       jerry

       December 8, 2011 at 3:55 am

       Apologies, I meant – momo!

       Reply
2. 

   Marnie

   November 21, 2011 at 4:13 am

   Great post! I am a woman entrepreneur and I agree with your points on women being able to ask for help and networking well due to social intelligence.

   Reply
3. 

   Francine Manilow

   November 21, 2011 at 7:52 pm

   Once women want to assist and help other women in business, there will be tremendous growth within the female ranks. Recently I went to a relocation council meeting and I saw how so many of the men warmly greeted each other. They like working with each other. Women, for the most part, have not gotten there yet.

   Reply
4. 

   emma

   November 27, 2011 at 1:15 pm

   You’re spot on Francine. Women are often threatened by other women and instead of working together they often work AGAINST each other. We need to realise that we are all working towards a common goal and that we would get there a whole lot faster if we did it together.

   Reply
5. 

   Terrence J White

   April 2, 2012 at 4:37 am

   I would def say that the balance of men and women have leaned to women being more dominant in graduation from college and now owning businesses and I would have to credit this to the men who lack diligence of following through.

   Reply
6. 

   Joseph D. Shiller

   April 24, 2012 at 4:56 am

   You do seem to have your finger on the pulse of the feminine mystic.

   Reply
7. 

   Amina Ibrahim

   June 20, 2012 at 11:38 am

   I love your article. It makes me feel that I can achieve more in life! Thanks for the boost and the added info.

   Reply
8. 

   Kathy Fyler

   June 20, 2012 at 11:44 am

   Great article! I have been an entrepreneur for 15 years and own a networking group for women. I really resonate with #5 – Women Collaborate. I believe this works well for women in business. Instead of competing with someone in their field, they find a way to work together for a win/win situation.

   Reply
9. 

   ed

   June 26, 2012 at 1:27 pm

   True….I have worked with one and they really are awesome;-)

   Reply
10. 

    Muthuri Kinyamu

    June 27, 2012 at 4:57 pm

    This is a great read. I love it…I agree with you. Secondly women also make good employees. In the team I have at Social Edge Africa the ladies are more productive, keen on details , coachable & very thorough.

    Reply